PPL Corp (PPL) : Tradelink Capital added new position in PPL Corp during the most recent quarter end. The investment management firm now holds 8,378 shares of PPL Corp which is valued at $310,824 , the company said in a statement filed on Aug 1, 2016 with the SEC.PPL Corp makes up approximately 1.44% of Tradelink Capital’s portfolio.
Other Hedge Funds, Including , Bank Of Hawaii reduced its stake in PPL by selling 3,647 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 118,805 shares of PPL which is valued at $4,407,666. PPL Corp makes up approx 0.47% of Bank Of Hawaii’s portfolio.Goelzer Investment Management reduced its stake in PPL by selling 211 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 119,341 shares of PPL which is valued at $4,499,156. PPL Corp makes up approx 0.60% of Goelzer Investment Management’s portfolio.Commonwealth Financial Services boosted its stake in PPL in the latest quarter, The investment management firm added 299 additional shares and now holds a total of 347 shares of PPL Corp which is valued at $13,082. PPL Corp makes up approx 0.02% of Commonwealth Financial Services’s portfolio. Mizuho Securities Usa sold out all of its stake in PPL during the most recent quarter. The investment firm sold 58,200 shares of PPL which is valued $2,194,140.Berkshire Asset Managementpa reduced its stake in PPL by selling 3,189 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 230,920 shares of PPL which is valued at $8,532,494. PPL Corp makes up approx 1.26% of Berkshire Asset Managementpa’s portfolio.
PPL Corp closed down -0.14 points or -0.38% at $36.96 with 30,35,883 shares getting traded on Thursday. Post opening the session at $37.17, the shares hit an intraday low of $36.86 and an intraday high of $37.26 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, PPL Corp reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2011.00 million for the quarter, compared to analysts expectations of $2260.61 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on PPL Corp. PPL Corp was Downgraded by Jefferies to ” Hold” on Jul 14, 2016.
PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries PPL delivers electricity to customers in the United Kingdom Pennsylvania Kentucky Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern northwestern and southeastern United States and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltd’s (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporation’s operations and the Supply segment comprising the activities of PPL Energy Supply LLC’s subsidiaries.